Abebe Aemro News Today

The move also received a positive nod from the World Bank ahead of its rollout.

Cape Town — If you want your country to grow and improve the lives of your people, you need to diversify your economy – and stop subsidising the rich at the

The International Monetary Fund (IMF) has called on development banks and multilateral institutions to increase low interest rate finance for Africa’s climate change measures. Providing concessional finance to sub-Saharan Africa (SSA), the Fund said would help meet the climate financing needs and help accelerate green energy transition in the region.…

The International Monetary Fund (IMF) has urged Ghana’s creditors to hasten to grant the financing assurances needed promptly so the Board of the Bretton Woods institution can approve the cocoa, gold and oil-producing West African country’s $3-billion extended credit facility to restore economic stability to the nation. “We're calling on…

Ghana has to show proof that its debt levels are sustainable before the International Monetary Fund (IMF) can approve an economic support programme for the country. That is according to the Director of IMF’s African Department, Abebe Aemro Selassie. Mr. Selassie told the media in Washington on October 14, that…

Join Carnegie, in partnership with the International Monetary Fund, for a special conversation on the IMF Regional Economic Outlook, featuring Carnegie Africa director, Zainab Usman, and IMF director for Africa, Abebe Aemro Selassie.

The International Monetary Fund on Thursday forecast that Africas economic rebound from pandemic-induced shrinkage would be weaker than in the rest of the world in 2021 and 2022

Low rates of vaccination against COVID-19 across the continent top the list of reasons for the slower recovery, the Washington-based institution said in a biannual report on the region.

Even though 12 billion doses of vaccine are to be produced in 2021, it will likely take more than a year for a significant number of Africans to be vaccinated, according to the International Monetary Fund.

"Lockdowns have been the sole option for containing the virus," said IMF Africa chief Abebe Aemro Selassie